Economic Experts for Employment Law Cases & Damages

Consultants & Expert Witnesses for Wrongful Termination, Discrimination & Other Employment Law Cases

Proving damages can be one of the many complex aspects of employment law cases. Whether these claims end up in mediation, arbitration, or court, experts can help employment law attorneys:

  • Understand and explain economic and tax issues and financial standards
  • Develop, refine and strengthen their case strategy
  • Signal to the opposing side that their experts’ opinions won’t go unchallenged
  • Establish the scope of the damages and analyze or rebut offers

At Thomas Roney LLC, our experts have extensive experience supporting plaintiff and defense attorneys in an array of employment law cases.

Call (214) 665-9458 or email us for a free consultation.

Our team of economists, forensic accountants, finance analysts, and other experts works with lawyers across the U.S. to determine, assess, and estimate economic damages for claims involving:

  • Wrongful termination
  • Wage and hour issues
  • Breach of contract
  • Discrimination
  • Retaliation
  • Workplace harassment
  • Whistleblower matters
  • More

When to Retain an Expert Witness for Your Employment Law Case

Whenever a basic calculation doesn’t accurately determine compensation for an employment law case, it’s time to hire an expert. In fact, experts can analyze, explain, and establish several financial aspects of these cases, including (but not limited to):

  • Front pay: Calculating future lost earnings and explaining the methods involved in these calculations are crucial to establishing damages for front pay. This is especially true when awards are intended to cover several years of future lost earnings. In these cases, it’s important to consider that damages may need to be mitigated (discounted) by the interest that could be earned by investing any award provided.
  • Income stream comparisons: Experts can be pivotal to evaluating what would have been earned (if a plaintiff remained in a given job) versus what has been and will be earned (in light of the dismissal and any new job). This can also include the value of any benefits, bonuses, or other compensation that would have or has been earned.
  • Tax Adjustments: Any awards in employment matters are taxable. An award for back pay and/or future pay and benefits must be adjusted for the adverse tax effect of receiving the award and, with any mitigating income in the year of the award, paying a higher tax rate than would have been applied to income earned over a stream of years. Taxes on the award may include state and federal income taxes, Social Security taxes and Medicare taxes.

Thomas Roney LLC provides economic consulting, forensic accounting, and expert witness services for workplace investigations, individual claims, and class action lawsuits. With our deep expertise—backed by state-of-art software and vast experience working with employment law attorneys—we are highly skilled at conducting and presenting:

  • Statistical analyses
  • Financial models
  • Forensic audits
  • Strategic evaluations
  • Expert reports
  • Expert testimony

Contact Thomas Roney LLC for Best Employment Attorneys Near You!

When you need an experienced economic consultant or expert witness for your employment law case, you need the financial experts at Thomas Roney LLC.

Call (214) 665-9458 or email us for a free consultation.

We are ready to learn more about your engagement, answer your questions, and support you with an efficient and professional process. With our team in your corner, you can be confident that you’ll be partnering with experts who:

  • Provide professional, cost-effective services
  • Are up to date with the latest changes in the methodologies and laws related to damages and calculations

Have a proven record of helping attorneys and law firms with credible expert services.